Friday, March 28, 2014

CCID’s profit up 21%

News this week: Earlier this week, CCID Consulting, the Hong Kong-listed arm of the mainland media group, released its annual results for the year ended 31st December 2013. The company’s turnover was US$24 million, mostly flat with the 2012 figure. Profit attributable to equity holders of the company grew 21% year-on-year, to US$1.7 million. Diluted earnings per share in 2013 were RMB 0.014 (US$0.0023).

The largest business segment of CCID was the management & strategic consultancy services, generating US$15 million of turnover and accounted for 61% of total turnover. The information engineering supervision services was the second largest segment amounting to US$5.9 million, and accounted for 24% of total turnover. This represents a 27% year-on-year increase.

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